Ah, the rewards of living a good honest life! This, apparently, is what our world thinks is a "worth while" "job"- conducting incomprehensible hocus-pocus with huge piles of money. The benefits to the world are obvious of course- an improved standard of living, all around.
We DON'T have to put up with this, you know. The laws could be changed. In fact, it's time to OUTLAW the trading of food- and energy - for profit alone. Just as it is obviously obscene to think about "holding" chemotherapy drugs for profit- it's JUST as obscene to hold FOOD- for profit. And oil, at this point- people are dying- now for the lack of basic food and energy. No, they don't starve- it's violence, first.
The big money managers are all a-flutter as to what to DO about starving millions- "oh, what can we do?!" they cry (see previous 3 posts).
NOT ONE of them, so far, has suggested CLOSING markets to speculators. Would it be difficult? Duh. Could it be DONE?
Start now. Get the colleges riled up about it- START TALKING about it; CALL your legislator and RANT about the PURE OBSCENITY of "food profiteers" - and tell them you want hearings- and legislation - on how much of the increase in the price of food, and oil, is purely due to "speculation".
Start it moving.
Ask yourself. Is it possible to truly "earn" - $3.7 Billion in a year? From that article: "Combined, the top 50 hedge fund managers last year earned $29 billion." Personally, my answer is no, that's not "earning". There's another word. And golly, the World Bank can afford all of $10 million for the starving in Haiti.
And- WHERE did that money come from? It has to come from somewhere.
Really? Truly? Ultimately it comes from all those like the people in Bangladesh - who last year were spending 40¢ a day on food - out of the $1 a day they have; and this year are spending 80¢ a day- on their one meal. Out of the 90¢ a day they have.
So, today- crude oil hits a new record high; over $115- and the Dow closes UP 256 points? Can you spell "totally clueless?"
Sorry, DC, I'm still really really pissed. But I'm enjoying it, anyway.